The Household Problem Is to Solve:
A) $\max _ { c _ { \text {tadey } } \cdot c _ { \text {Mur } } } U = u \left( c _ { \text {todap } } , c _ { \text {future } } \right)$

question 22

Multiple Choice

The household problem is to solve:

• A) \(\max _ { c _ { \text {tadey } } \cdot c _ { \text {Mur } } } U = u \left( c _ { \text {todap } } , c _ { \text {future } } \right)\)
• B) \(\max _ { c _ { \text {todoy } } \cdot c _ { \text {Murr } } } c _ { \text {today } } + c _ { \text {future } } ( 1 + R ) = \bar { X } \text {, subject to } U = u \left( c _ { \text {today } } , c _ { \text {future } } \right)\)
• C) \(\min _ { c _ { \text {itdoy } } \cdot c _ { \text {Murs } } } U = u \left( c _ { \text {toduy } } \right) + \beta u \left( c _ { \text {future } } \right) , \text { subject to } c _ { \text {todup } } + c _ { \text {future } } ( 1 + R ) = \bar { X }\)
• D) \(\max _{c_{\text {todoby }}, c_{\text {Aurre }}} U=u\left(c_{\text {todav }}\right)+\beta u\left(c_{\text {future }}\right), \text { subject to }\)\(c_{\text {today }}+\frac{c_{\text {futare }}}{1+R}=\bar{X}\)
• E) \(\max _ { c _ { \text {tadoy } } \cdot c _ { \text {Murs } } } U = u \left( c _ { \text {today } } \right) + \beta u \left( c _ { \text {future } } \right) , \text { subject to } c _ { \text {today } } + c _ { \text {future } } ( 1 + R ) = y _ { \text {today } } + y _ { \text {future } } ( 1 + R )\)

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Definitions:

Realistic Scenario

A scenario grounded in reality, plausible and possible under current conditions, used for planning or analysis.

Landau Commission

A specific commission, potentially referring to a historical or organizational body, tasked with investigating or addressing particular issues. (Without further context, its specific mandate or origin cannot be precisely defined).

Consequentialist

A philosophy which judges the rightness or wrongness of an action based on the outcomes or consequences it produces.

Deontologist

An ethicist or philosopher who believes in deontology, a theory which asserts that the morality of an action is based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action.